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| Personal Banking Services :
Borrowing |
| Home Mortgages |
Since 1888, NewportFed has been
a steady and resourceful partner for thousands
of area residents. After all, we live and work
here also, which strengthens our commitment to
helping our neighbors. Our team of Mortgage Specialists
is well prepared to find you the best mortgage.
And, in today's complex market, that personal
attention can be key to saving you money.
Click on a category below for more information
on our home mortgage programs and services. |
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| Adjustable
Rate Mortgages |
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Featuring:
- Competitive rates
- Available for owner occupied
1 - 4 family homes, second homes and investment
property
- No point options available
- Initial rate adjustment
period options of 1,3,5,7 or 10 years
with annual rate adjustments thereafter
- Maximum adjustment of 2%
per rate review and 6% over the life of
the loan
- Rate lock option available
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Featuring:
Competitive rates
- Available for owner occupied
1 - 4 family homes, second homes and investment
property
- No point options available
- Rate lock option available
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| Our
Permanent Construction Loan
Is Just The Thing To Get You Started.
Our single closing Fixed
Rate construction loan will save you
time and money. With just one closing
you will get a six month interest
only construction loan that converts
to a conventional loan in month seven.
Plus you can lock in today's low loan
rates for the entire term of the loan.
With a hassle
free construction loan from NewportFed,
the only thing you'll have left to
worry about is how soon you can break
ground. Apply at any of our five convenient
locations. |
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| NewportFed is proud to
offer a pre-qualification certificate for
a fee of $100. This $100 fee will be credited
toward your full application fee when you
apply for a first mortgage with NewportFed.
With your submission
of a personal financial statement, recent
pay-stubs, past two years tax returns and/or
W-2 forms, and recent depository statements,
NewportFed will review your credit and provide
you with an estimate of how much of a mortgage
and/or house you can afford.
You may also elect to receive
a pre-approval. To do so, NewportFed will
ask you to submit a full mortgage application,
the application fee, and various supporting
documents. We will then provide you with
a formal commitment to borrow funds, subject
to completion of a satisfactory appraisal.
If your credit is less then
perfect, NewportFed may still be able to
help you afford the home of your dreams
or even refinance and restructure debt you
already have. Please call our Mortgage Department
to discuss your particulars. |
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| More information on any of
our products and services can be requested
through e-mail
(warning: do not send confidential information
via email) or by calling us at (401) 847-5500.
To best serve its customers, NewportFed will
only accept deposits from the market areas
contiguous to our branch
locations. |
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